Item 1. SCHEDULE OF INVESTMENTS | ||||
KANSAS MUNICIPAL FUND | ||||
Schedule of Investments October 29, 2021 (unaudited) | ||||
Principal | Fair | |||
Amount | Value | |||
MUNICIPAL BONDS (97.4%) | ||||
Education (3.7%) | ||||
Johnson County Community College Foundation Inc 4.000% 11/15/2023 | $ | 870,000 | $ | 935,294 |
Kansas Development Finance Authority 2.000% 05/01/2035 Callable @ 100.000 05/01/2029 | 960,000 | 974,765 | ||
Kansas Development Finance Authority 3.000% 06/01/2031 Callable @ 100.000 06/01/2028 | 500,000 | 543,430 | ||
Kansas Development Finance Authority 3.000% 10/01/2044 Callable @ 100.000 10/01/2027 | 500,000 | 510,420 | ||
2,963,908 | ||||
General Obligation (43.4%) | ||||
*Allen County Unified School District No 257 3.000% 09/01/2038 Callable @ 100.000 09/01/2028 | 1,000,000 | 1,053,440 | ||
Bourbon County Unified School District No 234 Fort Scott 5.000% 09/01/2027 Callable @ 100.000 09/01/2024 | 250,000 | 279,628 | ||
Bourbon County Unified School District No 234 Fort Scott 5.000% 09/01/2028 Callable @ 100.000 09/01/2024 | 250,000 | 280,658 | ||
City of Arkansas City KS 2.000% 08/01/2036 Callable @ 100.000 02/01/2028 | 500,000 | 508,555 | ||
City of Bonner Springs KS 3.000% 09/01/2044 Callable @ 100.000 09/01/2028 | 1,060,000 | 1,133,363 | ||
City of Burlingame KS 3.000% 09/01/2045 Callable @ 100.000 09/01/2027 | 365,000 | 375,147 | ||
City of Hillsboro KS 3.000% 09/01/2024 | 100,000 | 106,146 | ||
City of Hillsboro KS 3.000% 09/01/2027 Callable @ 100.000 09/01/2026 | 225,000 | 243,747 | ||
City of Hillsboro KS 3.000% 09/01/2028 Callable @ 100.000 09/01/2026 | 230,000 | 244,495 | ||
City of Hillsboro KS 3.000% 09/01/2029 Callable @ 100.000 09/01/2026 | 240,000 | 252,439 | ||
City of Hutchinson KS 2.500% 10/01/2040 Callable @ 100.000 10/01/2029 | 420,000 | 433,251 | ||
City of Leawood KS 2.000% 09/01/2032 Callable @ 100.000 09/01/2029 | 500,000 | 514,480 | ||
City of Olathe KS 3.000% 10/01/2033 Callable @ 100.000 10/01/2029 | 855,000 | 956,035 | ||
City of Ozawkie KS 3.000% 09/01/2039 Callable @ 100.000 09/01/2027 | 335,000 | 353,462 | ||
City of Prairie Village KS 3.000% 09/01/2049 Callable @ 100.000 09/01/2027 | 1,500,000 | 1,599,465 | ||
City of South Hutchinson KS 4.000% 10/01/2038 Callable @ 100.000 10/01/2025 | 355,000 | 385,459 | ||
City of Topeka KS 3.000% 08/15/2022 | 500,000 | 510,905 | ||
City of Wichita KS 2.000% 12/01/2038 Callable @ 100.000 12/01/2028 | 250,000 | 250,778 | ||
City of Wichita KS 4.500% 09/01/2022 | 150,000 | 150,044 | ||
City of Wichita KS 4.750% 09/01/2027 | 180,000 | 180,076 | ||
County of Johnson KS 2.000% 09/01/2034 Callable @ 100.000 09/01/2029 | 500,000 | 518,225 | ||
County of Linn KS 3.000% 07/01/2036 Callable @ 100.000 07/01/2029 | 1,100,000 | 1,176,758 | ||
County of Reno KS 3.000% 09/01/2036 Callable @ 100.000 09/01/2028 | 250,000 | 269,855 | ||
County of Saline KS 2.000% 09/01/2034 Callable @ 100.000 09/01/2030 | 500,000 | 501,805 | ||
County of Saline KS 3.000% 09/01/2033 Callable @ 100.000 09/01/2030 | 1,000,000 | 1,119,750 | ||
County of Scott KS 5.000% 04/01/2032 Callable @ 100.000 04/01/2026 | 500,000 | 578,255 | ||
County of Thomas KS 3.000% 12/01/2047 Callable @ 100.000 12/01/2029 | 1,000,000 | 1,046,050 | ||
Douglas County Unified School District No 348 Baldwin City 4.000% 09/01/2030 Callable @ 100.000 09/01/2025 | 250,000 | 276,295 | ||
Franklin County Unified School District No 289 Wellsville 3.000% 09/01/2033 Callable @ 100.000 09/01/2030 | 360,000 | 402,163 | ||
Geary County Unified School District No 475 3.000% 09/01/2035 Callable @ 100.000 09/01/2031 | 500,000 | 549,915 | ||
Geary County Unified School District No 475 3.000% 09/01/2043 Callable @ 100.000 09/01/2031 | 500,000 | 534,510 | ||
Geary County Unified School District No 475 4.000% 09/01/2033 Callable @ 100.000 09/01/2025 | 350,000 | 390,495 | ||
Johnson & Miami Counties Unified School District No 230 Spring Hills 5.000% 09/01/2037 Callable @ 100.000 09/01/2027 | 500,000 | 613,110 | ||
Johnson & Miami Counties Unified School District No 230 Spring Hills 5.000% 09/01/2039 Callable @ 100.000 09/01/2027 | 2,000,000 | 2,483,220 | ||
Johnson County Unified School District No 231 Gardner Edgerton 5.000% 10/01/2025 Callable @ 100.000 10/01/2023 | 250,000 | 273,425 | ||
Johnson County Unified School District No 232 De Soto 4.000% 09/01/2029 | 500,000 | 607,175 | ||
Johnson County Unified School District No 232 De Soto 4.000% 09/01/2030 | 285,000 | 350,422 | ||
Johnson County Unified School District No 512 Shawnee Mission 3.000% 10/01/2038 Callable @ 100.000 10/01/2030 | 1,000,000 | 1,103,910 | ||
Leavenworth County Unified School District No 453 4.000% 09/01/2037 Callable @ 100.000 09/01/2026 | 650,000 | 752,375 | ||
Leavenworth County Unified School District No 464 4.000% 09/01/2031 Callable @ 100.000 09/01/2027 | 500,000 | 572,325 | ||
Linn County Unified School District No 362 Prairie View 3.000% 09/01/2035 Callable @ 100.000 09/01/2028 | 500,000 | 541,280 | ||
Lyon County Unified School District No 253 Emporia 4.000% 09/01/2039 Callable @ 100.000 09/01/2027 | 750,000 | 851,505 | ||
Lyon County Unified School District No 253 Emporia 4.000% 09/01/2048 Callable @ 100.000 09/01/2027 | 1,000,000 | 1,082,220 | ||
Miami County Unified School District No 368 Paola 5.000% 09/01/2027 | 10,000 | 9,960 | ||
Miami County Unified School District No 416 Louisburg 3.000% 09/01/2040 Callable @ 100.000 09/01/2028 | 400,000 | 421,720 | ||
Miami County Unified School District No 416 Louisburg 3.000% 09/01/2041 Callable @ 100.000 09/01/2028 | 400,000 | 420,636 | ||
Montezuma Unified School District No 371 4.000% 09/01/2036 Callable @ 100.000 09/01/2029 | 250,000 | 287,405 | ||
Rice County Unified School District No 444 4.000% 09/01/2031 Callable @ 100.000 09/01/2027 | 710,000 | 816,564 | ||
Riley County Unified School District No 378 Riley 4.000% 09/01/2028 Callable @ 100.000 09/01/2027 | 680,000 | 795,240 | ||
Riley County Unified School District No 383 Manhattan Ogden 4.000% 09/01/2039 Callable @ 100.000 09/01/2027 | 1,000,000 | 1,125,230 | ||
Sedgwick County Unified School District No 262 Valley Center 5.000% 09/01/2035 Callable @ 100.000 09/01/2024 | 405,000 | 456,982 | ||
Seward County Unified School District No 480 Liberal 5.000% 09/01/2033 Callable @ 100.000 09/01/2022 | 85,000 | 88,470 | ||
Seward County Unified School District No 480 Liberal 5.000% 09/01/2034 Callable @ 100.000 09/01/2022 | 500,000 | 521,450 | ||
Wyandotte County Kansas City Unified Government 2.250% 08/01/2037 Callable @ 100.000 08/01/2028 | 410,000 | 419,508 | ||
Wyandotte County Kansas City Unified Government 2.250% 08/01/2038 Callable @ 100.000 08/01/2028 | 1,000,000 | 1,018,720 | ||
Wyandotte County Kansas City Unified Government 2.375% 08/01/2040 Callable @ 100.000 08/01/2028 | 1,000,000 | 1,017,360 | ||
Wyandotte County Unified School District No 500 Kansas City 5.000% 09/01/2026 | 1,000,000 | 1,200,920 | ||
35,006,777 | ||||
Health Care (12.1%) | ||||
Ashland Public Building Commission 5.000% 09/01/2030 Callable @ 100.000 09/01/2023 | 1,020,000 | 1,077,314 | ||
Ashland Public Building Commission 5.000% 09/01/2032 Callable @ 100.000 09/01/2024 | 550,000 | 597,311 | ||
Ashland Public Building Commission 5.000% 09/01/2035 Callable @ 100.000 09/01/2023 | 500,000 | 525,125 | ||
City of Lawrence KS 5.000% 07/01/2043 Callable @ 100.000 07/01/2028 | 1,500,000 | 1,767,405 | ||
City of Olathe KS 4.000% 09/01/2028 | 250,000 | 250,253 | ||
City of Olathe KS 4.000% 09/01/2030 | 295,000 | 295,316 | ||
Kansas Development Finance Authority 4.125% 11/15/2027 Callable @ 100.000 11/15/2022 | 100,000 | 103,486 | ||
University of Kansas Hospital Authority 3.000% 03/01/2041 Callable @ 100.000 03/01/2030 | 500,000 | 525,885 | ||
University of Kansas Hospital Authority 4.000% 09/01/2040 Callable @ 100.000 09/01/2025 | 500,000 | 537,305 | ||
University of Kansas Hospital Authority 4.000% 09/01/2048 Callable @ 100.000 03/01/2029 | 1,000,000 | 1,114,290 | ||
University of Kansas Hospital Authority 5.000% 09/01/2035 Callable @ 100.000 09/01/2025 | 500,000 | 572,615 | ||
University of Kansas Hospital Authority 5.000% 09/01/2048 Callable @ 100.000 03/01/2029 | 2,000,000 | 2,412,380 | ||
9,778,684 | ||||
Other Revenue (8.5%) | ||||
*City of Manhattan KS 5.000% 12/01/2032 | 1,000,000 | 1,000,110 | ||
City of Manhattan KS 4.500% 12/01/2025 | 500,000 | 500,045 | ||
City of Manhattan KS 5.000% 12/01/2026 | 310,000 | 310,028 | ||
City of Wichita KS 4.000% 09/01/2038 Callable @ 100.000 09/01/2027 | 1,000,000 | 1,119,330 | ||
Clay Center Public Building Commission 3.000% 09/01/2027 | 290,000 | 322,790 | ||
Dickson County Public Building Commission 4.000% 08/01/2038 Callable @ 100.000 08/01/2028 | 750,000 | 847,230 | ||
Hoisington Public Building Commission 3.000% 11/01/2040 Callable @ 100.000 11/01/2029 | 660,000 | 690,149 | ||
Hoisington Public Building Commission 3.000% 11/01/2045 Callable @ 100.000 11/01/2029 | 500,000 | 518,030 | ||
Johnson County Public Building Commission 4.000% 09/01/2022 | 405,000 | 417,822 | ||
Kansas Development Finance Authority 3.000% 11/01/2033 Callable @ 100.000 11/01/2027 | 1,000,000 | 1,055,150 | ||
Washington County Public Building Commission 4.000% 09/01/2028 Callable @ 100.000 09/01/2022 | 100,000 | 102,622 | ||
6,883,306 | ||||
PreRefunded (13.4%) | ||||
*Franklin County Unified School District No 290 Ottawa 5.000% 09/01/2040 Callable @ 100.000 09/01/2025 | 3,000,000 | 3,501,930 | ||
Bourbon County Unified School District No 234 Fort Scott 5.000% 09/01/2029 Callable @ 100.000 09/01/2024 | 250,000 | 282,148 | ||
Bourbon County Unified School District No 234 Fort Scott 5.000% 09/01/2030 Callable @ 100.000 09/01/2024 | 250,000 | 282,148 | ||
Bourbon County Unified School District No 234 Fort Scott 5.000% 09/01/2031 Callable @ 100.000 09/01/2024 | 500,000 | 564,295 | ||
City of Manhattan KS 5.000% 11/15/2023 Callable @ 100.000 11/15/2022 | 250,000 | 262,530 | ||
City of Manhattan KS 5.000% 11/15/2024 Callable @ 100.000 11/15/2022 | 250,000 | 262,285 | ||
City of Manhattan KS 5.000% 11/15/2029 Callable @ 100.000 11/15/2022 | 500,000 | 521,235 | ||
City of Wichita KS 5.000% 11/15/2029 Callable @ 100.000 11/15/2021 | 300,000 | 300,612 | ||
County of Clay KS 4.000% 10/01/2036 Callable @ 100.000 10/01/2024 | 500,000 | 550,800 | ||
Jackson County Unified School District No 336 Holton 5.000% 09/01/2029 Callable @ 100.000 09/01/2022 | 135,000 | 140,569 | ||
Jackson County Unified School District No 336 Holton 5.000% 09/01/2029 Callable @ 100.000 09/01/2022 | 115,000 | 119,733 | ||
Jackson County Unified School District No 336 Holton 5.000% 09/01/2034 Callable @ 100.000 09/01/2022 | 140,000 | 145,775 | ||
Jackson County Unified School District No 336 Holton 5.000% 09/01/2034 Callable @ 100.000 09/01/2022 | 110,000 | 114,528 | ||
Leavenworth County Unified School District No 458 5.000% 09/01/2029 Callable @ 100.000 09/01/2023 | 500,000 | 543,505 | ||
Leavenworth County Unified School District No 469 4.000% 09/01/2030 Callable @ 100.000 09/01/2022 | 320,000 | 329,718 | ||
Neosho County Unified School District No 413 4.000% 09/01/2031 Callable @ 100.000 09/01/2023 | 250,000 | 263,470 | ||
Seward County Unified School District No 480 Liberal 4.250% 09/01/2039 Callable @ 100.000 09/01/2022 | 500,000 | 515,805 | ||
Seward County Unified School District No 480 Liberal 5.000% 09/01/2033 Callable @ 100.000 09/01/2022 | 85,000 | 88,359 | ||
Seward County Unified School District No 480 Liberal 5.000% 09/01/2033 Callable @ 100.000 09/01/2022 | 330,000 | 343,068 | ||
Washington County Public Building Commission 4.000% 09/01/2028 Callable @ 100.000 09/01/2022 | 500,000 | 516,005 | ||
Washington County Public Building Commission 5.000% 09/01/2032 Callable @ 100.000 09/01/2022 | 500,000 | 520,450 | ||
Washington County Public Building Commission 5.000% 09/01/2037 Callable @ 100.000 09/01/2022 | 400,000 | 416,016 | ||
Wyandotte County Unified School District No 202 Turner 5.000% 09/01/2025 Callable @ 100.000 09/01/2023 | 250,000 | 271,463 | ||
10,856,446 | ||||
Transportation (1.1%) | ||||
State of Kansas Department of Transportation 5.000% 09/01/2033 Callable @ 100.000 09/01/2025 | 500,000 | 570,560 | ||
State of Kansas Department of Transportation 5.000% 09/01/2035 Callable @ 100.000 09/01/2025 | 250,000 | 285,700 | ||
856,260 | ||||
Utilities (15.2%) | ||||
*Kansas Municipal Energy Agency 5.750% 07/01/2038 Callable @ 100.000 07/01/2023 | 1,000,000 | 1,071,620 | ||
*Wyandotte County Kansas City Unified Government Utility System Revenue 5.000% 09/01/2032 Callable @ 100.000 09/01/2022 | 1,250,000 | 1,291,750 | ||
City of McPherson KS Water System Revenue 2.000% 10/01/2037 Callable @ 100.000 10/01/2029 | 425,000 | 429,123 | ||
City of McPherson KS Water System Revenue 3.000% 10/01/2031 Callable @ 100.000 10/01/2029 | 150,000 | 165,503 | ||
City of McPherson KS Water System Revenue 3.000% 10/01/2032 Callable @ 100.000 10/01/2029 | 175,000 | 191,963 | ||
City of Olathe KS Water & Sewer System Revenue 4.000% 07/01/2029 | 500,000 | 606,495 | ||
City of Topeka KS Combined Utility Revenue 3.000% 08/01/2034 Callable @ 100.000 08/01/2029 | 900,000 | 984,483 | ||
City of Topeka KS Combined Utility Revenue 4.000% 08/01/2023 | 500,000 | 532,680 | ||
City of Wichita KS Water & Sewer Utility Revenue 3.000% 10/01/2031 Callable @ 100.000 10/01/2029 | 350,000 | 390,037 | ||
Kansas Municipal Energy Agency 5.000% 04/01/2030 Callable @ 100.000 04/01/2026 | 250,000 | 286,960 | ||
Kansas Municipal Energy Agency 5.000% 04/01/2032 Callable @ 100.000 04/01/2026 | 500,000 | 571,775 | ||
Kansas Municipal Energy Agency 5.000% 04/01/2033 Callable @ 100.000 04/01/2026 | 745,000 | 857,100 | ||
Kansas Municipal Energy Agency 5.000% 04/01/2035 Callable @ 100.000 04/01/2026 | 300,000 | 343,557 | ||
Kansas Municipal Energy Agency 5.000% 04/01/2038 Callable @ 100.000 04/01/2026 | 1,000,000 | 1,138,960 | ||
Kansas Power Pool 4.000% 12/01/2031 Callable @ 100.000 12/01/2025 | 500,000 | 542,645 | ||
Kansas Power Pool 4.000% 12/01/2041 Callable @ 100.000 12/01/2029 | 500,000 | 565,450 | ||
Saline County Public Building Commission/KS 2.000% 09/01/2031 Callable @ 100.000 09/01/2028 | 435,000 | 445,362 | ||
Saline County Public Building Commission/KS 3.000% 09/01/2029 Callable @ 100.000 09/01/2028 | 410,000 | 455,059 | ||
Wyandotte County Kansas City Unified Government Utility System Revenue 3.000% 09/01/2040 Callable @ 100.000 09/01/2030 | 250,000 | 266,978 | ||
Wyandotte County Kansas City Unified Government Utility System Revenue 5.000% 09/01/2028 Callable @ 100.000 09/01/2026 | 500,000 | 595,170 | ||
Wyandotte County Kansas City Unified Government Utility System Revenue 5.000% 09/01/2035 Callable @ 100.000 09/01/2025 | 500,000 | 563,735 | ||
12,296,403 | ||||
TOTAL MUNICIPAL BONDS (COST: $75,535,821) | $ | 78,641,784 | ||
OTHER ASSETS LESS LIABILITIES (2.6%) | 2,076,332 | |||
NET ASSETS (100.0%) | $ | 80,718,116.67 | ||
*Indicates bonds are segregated by the custodian to cover when-issued or delayed delivery purchases. | ||||
MAINE MUNICIPAL FUND | ||||
Schedule of Investments October 29, 2021 (unaudited) | ||||
Principal | Fair | |||
Amount | Value | |||
MUNICIPAL BONDS (94.1%) | ||||
Education (9.2%) | ||||
*Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2026 | $ | 940,000 | $ | 1,108,495 |
Maine Health & Higher Educational Facilities Authority 4.750% 07/01/2031 | 180,000 | 180,011 | ||
1,288,506 | ||||
General Obligation (29.9%) | ||||
City of Auburn ME 3.000% 09/01/2031 | 350,000 | 402,329 | ||
City of Auburn ME 4.500% 09/01/2022 | 100,000 | 103,689 | ||
City of Biddeford ME 4.000% 10/01/2026 | 250,000 | 291,738 | ||
City of Lewiston ME 2.750% 03/15/2038 Callable @ 100.000 03/15/2027 | 100,000 | 102,664 | ||
City of Lewiston ME 2.750% 03/15/2039 Callable @ 100.000 03/15/2027 | 250,000 | 257,303 | ||
City of Lewiston ME 2.750% 03/15/2040 Callable @ 100.000 03/15/2027 | 250,000 | 257,975 | ||
City of Portland ME 5.000% 08/01/2022 | 125,000 | 125,010 | ||
City of Waterville ME 4.000% 07/01/2025 | 135,000 | 135,004 | ||
*Maine School Administrative District No 28 4.000% 05/01/2036 Callable @ 100.000 05/01/2028 | 500,000 | 566,085 | ||
Maine School Administrative District No 51 4.000% 10/15/2029 Callable @ 100.000 10/15/2024 | 100,000 | 108,934 | ||
Regional School Unit No 26 3.000% 09/01/2044 Callable @ 100.000 09/01/2029 | 475,000 | 501,334 | ||
Town of Brunswick ME 2.500% 11/01/2041 Callable @ 100.000 11/01/2030 | 500,000 | 510,540 | ||
Town of Kennebunk ME 2.000% 10/01/2035 Callable @ 100.000 10/01/2031 | 600,000 | 610,434 | ||
Town of Scarborough ME 4.000% 11/01/2028 Callable @ 100.000 11/01/2023 | 100,000 | 106,497 | ||
Wells Ogunquit Community School District 4.000% 11/01/2024 | 100,000 | 109,984 | ||
4,189,519 | ||||
Health Care (17.7%) | ||||
Maine Health & Higher Educational Facilities Authority 3.000% 07/01/2039 Callable @ 100.000 07/01/2029 | 250,000 | 261,878 | ||
Maine Health & Higher Educational Facilities Authority 4.500% 07/01/2031 | 5,000 | 5,001 | ||
*Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2029 Callable @ 100.000 07/01/2024 | 1,000,000 | 1,086,630 | ||
Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2030 Callable @ 100.000 07/01/2024 | 500,000 | 541,635 | ||
Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2031 Callable @ 100.000 07/01/2024 | 500,000 | 544,005 | ||
Maine Health & Higher Educational Facilities Authority 5.250% 07/01/2023 | 40,000 | 40,008 | ||
2,479,157 | ||||
Housing (11.9%) | ||||
Maine State Housing Authority 2.250% 11/15/2045 Callable @ 100.000 05/15/2029 | 250,000 | 251,543 | ||
Maine State Housing Authority 2.500% 11/15/2045 Callable @ 100.000 11/15/2028 | 165,000 | 166,267 | ||
Maine State Housing Authority 3.000% 11/15/2036 Callable @ 100.000 11/15/2025 | 400,000 | 411,084 | ||
Maine State Housing Authority 3.350% 11/15/2044 Callable @ 100.000 05/15/2028 | 155,000 | 163,339 | ||
*Maine State Housing Authority 4.000% 11/15/2044 Callable @ 100.000 05/15/2028 | 500,000 | 549,295 | ||
Maine State Housing Authority 5.000% 06/15/2037 Callable @ 100.000 06/15/2031 | 100,000 | 128,565 | ||
1,670,093 | ||||
Other Revenue (4.6%) | ||||
Maine Municipal Bond Bank 3.000% 11/01/2040 Callable @ 100.000 11/01/2030 | 250,000 | 269,008 | ||
Maine Municipal Bond Bank 4.000% 11/01/2038 Callable @ 100.000 11/01/2022 | 125,000 | 127,893 | ||
Maine Municipal Bond Bank 5.000% 11/01/2025 Callable @ 100.000 11/01/2022 | 125,000 | 131,258 | ||
Maine Municipal Bond Bank 5.000% 11/01/2027 Callable @ 100.000 11/01/2024 | 100,000 | 113,372 | ||
641,530 | ||||
PreRefunded (10.1%) | ||||
Maine Health & Higher Educational Facilities Authority 4.000% 07/01/2024 Callable @ 100.000 07/01/2022 | 270,000 | 276,850 | ||
Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2023 | 15,000 | 16,237 | ||
Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2034 Callable @ 100.000 07/01/2024 | 250,000 | 281,008 | ||
*Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2039 Callable @ 100.000 07/01/2024 | 750,000 | 838,110 | ||
1,412,204 | ||||
Transportation (4.2%) | ||||
City of Portland ME General Airport Revenue 5.000% 07/01/2022 | 100,000 | 103,869 | ||
City of Portland ME General Airport Revenue 5.000% 07/01/2023 | 100,000 | 108,684 | ||
City of Portland ME General Airport Revenue 5.000% 07/01/2024 Callable @ 100.000 07/01/2023 | 100,000 | 108,785 | ||
Maine Turnpike Authority 4.000% 07/01/2032 Callable @ 100.000 07/01/2024 | 250,000 | 265,695 | ||
587,033 | ||||
Utilities (6.5%) | ||||
Kennebunk Light & Power District 5.000% 08/01/2022 | 110,000 | 110,135 | ||
Portland Water District 3.000% 11/01/2039 Callable @ 100.000 11/01/2029 | 500,000 | 541,430 | ||
Portland Water District Water System Revenue 2.000% 11/01/2036 Callable @ 100.000 11/01/2031 | 250,000 | 251,355 | ||
902,920 | ||||
TOTAL MUNICIPAL BONDS (COST: $12,667,099) | $ | 13,170,961 | ||
OTHER ASSETS LESS LIABILITIES (5.9%) | 826,181 | |||
NET ASSETS (100.0%) | $ | 13,997,142 | ||
*Indicates bonds are segregated by the custodian to cover when-issued or delayed delivery purchases. | ||||
NEBRASKA MUNICIPAL FUND | ||||
Schedule of Investments October 29, 2021 (unaudited) | ||||
Principal | Fair | |||
Amount | Value | |||
MUNICIPAL BONDS (98.8%) | ||||
Education (2.6%) | ||||
County of Douglas NE 3.000% 09/01/2035 Callable @ 100.000 09/01/2031 | 310,000 | 340,361 | ||
County of Saline NE 3.000% 02/15/2034 Callable @ 100.000 02/15/2029 | 365,000 | 382,016 | ||
County of Saline NE 3.000% 02/15/2035 Callable @ 100.000 02/15/2029 | 300,000 | 312,405 | ||
Southeast Community College 3.000% 03/15/2045 Callable @ 100.000 07/02/2025 | 500,000 | 502,885 | ||
1,537,668 | ||||
General Obligation (41.0%) | ||||
Ashland Greenwood Public Schools 3.000% 12/15/2044 Callable @ 100.000 12/15/2030 | 950,000 | 1,034,370 | ||
Ashland Greenwood Public Schools 3.000% 12/15/2046 Callable @ 100.000 12/15/2030 | 1,000,000 | 1,063,150 | ||
City of Columbus NE 3.000% 12/15/2033 Callable @ 100.000 09/01/2026 | 325,000 | 345,105 | ||
City of Columbus NE 3.000% 12/15/2036 Callable @ 100.000 09/01/2026 | 400,000 | 422,120 | ||
City of Lincoln NE 3.000% 04/01/2033 Callable @ 100.000 04/01/2029 | 540,000 | 594,356 | ||
City of Lincoln NE 3.000% 05/15/2033 Callable @ 100.000 05/15/2029 | 1,090,000 | 1,214,369 | ||
City of Lincoln NE 3.000% 12/01/2039 Callable @ 100.000 06/01/2029 | 685,000 | 733,868 | ||
City of Omaha NE 3.750% 01/15/2038 Callable @ 100.000 01/15/2027 | 500,000 | 541,375 | ||
City of Omaha NE 4.000% 04/15/2037 Callable @ 100.000 04/15/2029 | 500,000 | 581,255 | ||
City of Omaha NE 5.000% 04/15/2027 Callable @ 100.000 04/15/2026 | 955,000 | 1,144,252 | ||
City of Omaha NE 5.000% 04/15/2028 Callable @ 100.000 04/15/2026 | 500,000 | 595,015 | ||
City of Sidney NE 4.000% 12/15/2036 Callable @ 100.000 12/15/2021 | 1,250,000 | 1,254,200 | ||
County of Kearney NE 4.000% 06/01/2024 | 350,000 | 380,629 | ||
Douglas County School District No 15 3.000% 12/15/2041 Callable @ 100.000 09/29/2026 | 1,000,000 | 1,041,350 | ||
Douglas County School District No 15 3.000% 12/15/2046 Callable @ 100.000 09/29/2026 | 500,000 | 515,820 | ||
Douglas County School District No 17/NE 2.000% 12/15/2039 Callable @ 100.000 12/15/2030 | 500,000 | 485,375 | ||
Douglas County School District No 59/NE 3.500% 06/15/2043 Callable @ 100.000 03/15/2024 | 500,000 | 515,350 | ||
Elkhorn School District 4.000% 12/15/2030 Callable @ 100.000 12/15/2026 | 500,000 | 562,845 | ||
Elkhorn School District 4.000% 12/15/2034 Callable @ 100.000 12/15/2028 | 500,000 | 577,785 | ||
Elkhorn School District 4.000% 12/15/2037 Callable @ 100.000 12/15/2029 | 300,000 | 355,323 | ||
Elkhorn School District 5.000% 06/15/2022 | 475,000 | 489,112 | ||
Gretna Public Schools 3.000% 12/15/2046 Callable @ 100.000 12/15/2031 | 1,000,000 | 1,085,390 | ||
Kearney School District 3.000% 12/15/2024 | 350,000 | 376,789 | ||
Knox County School District N0 576 4.000% 12/15/2038 Callable @ 100.000 12/15/2023 | 590,000 | 633,206 | ||
Lancaster County School District 001 5.000% 01/15/2023 | 750,000 | 793,320 | ||
Omaha School District 3.000% 12/15/2042 Callable @ 100.000 01/30/2030 | 1,000,000 | 1,075,270 | ||
*Omaha School District 5.000% 12/15/2029 Callable @ 100.000 12/15/2026 | 1,630,000 | 1,960,613 | ||
Papio Missouri River Natural Resource District 3.000% 12/01/2036 Callable @ 100.000 10/12/2026 | 600,000 | 634,476 | ||
Papio Missouri River Natural Resource District 3.000% 12/01/2041 Callable @ 100.000 10/12/2026 | 300,000 | 314,256 | ||
Plattsmouth School District 3.000% 12/15/2039 Callable @ 100.000 08/21/2024 | 1,000,000 | 1,022,930 | ||
Polk County School District No 19 3.000% 06/15/2039 Callable @ 100.000 07/30/2024 | 455,000 | 467,899 | ||
Ponca Public Schools 3.000% 12/15/2026 Callable @ 100.000 02/26/2025 | 355,000 | 381,934 | ||
Superior Public Schools 1.450% 12/15/2022 | 340,000 | 344,451 | ||
Westside Community Schools 5.000% 12/01/2038 Callable @ 100.000 12/05/2024 | 235,000 | 259,788 | ||
Westside Community Schools 5.000% 12/01/2039 Callable @ 100.000 12/05/2024 | 250,000 | 276,078 | ||
24,073,422 | ||||
Health Care (3.3%) | ||||
Douglas County Hospital Authority No 2 5.000% 05/15/2027 Callable @ 100.000 05/15/2026 | 200,000 | 237,130 | ||
Madison County Hospital Authority No 1 5.000% 07/01/2031 Callable @ 100.000 07/01/2025 | 500,000 | 563,490 | ||
Madison County Hospital Authority No 1 5.000% 07/01/2032 Callable @ 100.000 07/01/2025 | 335,000 | 376,775 | ||
Madison County Hospital Authority No 1 5.000% 07/01/2033 Callable @ 100.000 07/01/2025 | 450,000 | 507,263 | ||
Madison County Hospital Authority No 1 5.000% 07/01/2034 Callable @ 100.000 07/01/2025 | 215,000 | 242,935 | ||
1,927,592 | ||||
Housing (0.7%) | ||||
Nebraska Investment Finance Authority 3.850% 03/01/2038 Callable @ 100.000 09/01/2024 | 395,000 | 403,552 | ||
403,552 | ||||
Other Revenue (2.1%) | ||||
City of Columbus NE 3.000% 06/15/2036 Callable @ 100.000 06/30/2026 | 750,000 | 789,690 | ||
Papillion Municipal Facilities Corp 3.000% 12/15/2034 Callable @ 100.000 07/30/2024 | 435,000 | 449,525 | ||
1,239,215 | ||||
PreRefunded (18.0%) | ||||
City of Hastings NE Combined Utility Revenue 4.000% 10/15/2032 Callable @ 100.000 10/15/2022 | 500,000 | 514,020 | ||
*City of Lincoln NE Electric System Revenue 5.000% 09/01/2037 Callable @ 100.000 09/01/2022 | 1,000,000 | 1,037,190 | ||
*City of Omaha NE 5.000% 02/01/2027 Callable @ 100.000 02/01/2022 | 1,000,000 | 1,012,520 | ||
Elkhorn School District 4.000% 12/15/2034 Callable @ 100.000 12/15/2025 | 300,000 | 328,329 | ||
Grand Island Public Schools 5.000% 12/15/2033 Callable @ 100.000 12/15/2024 | 500,000 | 571,600 | ||
Grand Island Public Schools 5.000% 12/15/2039 Callable @ 100.000 12/15/2024 | 500,000 | 571,600 | ||
Gretna Public Schools 5.000% 12/15/2035 Callable @ 100.000 12/15/2025 | 250,000 | 296,800 | ||
Lincoln County Hospital Authority No 1 5.000% 11/01/2023 Callable @ 100.000 11/01/2021 | 250,000 | 250,065 | ||
Lincoln County Hospital Authority No 1 5.000% 11/01/2024 Callable @ 100.000 11/01/2021 | 250,000 | 250,065 | ||
Lincoln County Hospital Authority No 1 5.000% 11/01/2025 Callable @ 100.000 11/01/2021 | 250,000 | 250,065 | ||
Lincoln County Hospital Authority No 1 5.000% 11/01/2032 Callable @ 100.000 11/01/2021 | 250,000 | 250,065 | ||
Sarpy County School District No 1 3.500% 12/15/2035 Callable @ 100.000 09/30/2024 | 250,000 | 272,810 | ||
Scotts Bluff County School District No 32 5.000% 12/01/2031 Callable @ 100.000 12/01/2025 | 250,000 | 296,210 | ||
University of Nebraska 5.000% 05/15/2033 Callable @ 100.000 11/15/2025 | 250,000 | 295,460 | ||
University of Nebraska 5.000% 05/15/2035 Callable @ 100.000 05/15/2025 | 500,000 | 578,725 | ||
University of Nebraska 5.000% 07/01/2035 Callable @ 100.000 07/01/2025 | 1,500,000 | 1,746,435 | ||
University of Nebraska 5.000% 07/01/2038 Callable @ 100.000 07/01/2022 | 250,000 | 257,815 | ||
University of Nebraska 5.000% 07/01/2042 Callable @ 100.000 01/01/2022 | 1,000,000 | 1,008,120 | ||
West Haymarket Joint Public Agency 5.000% 12/15/2042 Callable @ 100.000 12/15/2021 | 750,000 | 754,613 | ||
10,542,507 | ||||
Transportation (3.0%) | ||||
Omaha Airport Authority 5.000% 12/15/2027 Callable @ 100.000 12/15/2026 | 500,000 | 587,965 | ||
Omaha Airport Authority 5.000% 12/15/2036 Callable @ 100.000 12/15/2026 | 1,000,000 | 1,146,870 | ||
1,734,835 | ||||
Utilities (28.1%) | ||||
*Central Plains Energy Project 5.000% 09/01/2027 Callable @ 100.000 09/01/2022 | 2,000,000 | 2,069,380 | ||
Central Plains Energy Project 5.000% 09/01/2042 Callable @ 100.000 09/01/2022 | 500,000 | 519,155 | ||
Central Plains Energy Project 5.250% 09/01/2037 Callable @ 100.000 09/01/2022 | 500,000 | 520,545 | ||
City of Columbus NE Combined Revenue 4.000% 12/15/2032 Callable @ 100.000 12/15/2026 | 100,000 | 112,010 | ||
City of Columbus NE Combined Utilities System Revenue 4.000% 06/15/2033 Callable @ 100.000 06/15/2030 | 300,000 | 354,390 | ||
City of Columbus NE Combined Utilities System Revenue 4.000% 06/15/2034 Callable @ 100.000 06/15/2030 | 300,000 | 352,812 | ||
City of Columbus NE Combined Utilities System Revenue 4.000% 06/15/2035 Callable @ 100.000 06/15/2030 | 300,000 | 351,600 | ||
City of Grand Island NE Combined Utility System Revenue 4.000% 08/15/2037 Callable @ 100.000 08/15/2030 | 300,000 | 352,818 | ||
City of Grand Island NE Sewer System Revenue 5.000% 09/15/2026 Callable @ 100.000 09/17/2023 | 250,000 | 274,995 | ||
City of Lincoln NE Solid Waste Management Revenue 4.000% 08/01/2025 Callable @ 100.000 08/01/2023 | 275,000 | 294,294 | ||
City of Lincoln NE Solid Waste Management Revenue 4.000% 08/01/2027 Callable @ 100.000 08/01/2023 | 400,000 | 425,740 | ||
City of Omaha NE Sewer Revenue 4.000% 04/01/2035 Callable @ 100.000 04/01/2026 | 250,000 | 274,653 | ||
City of Omaha NE Sewer Revenue 4.000% 04/01/2037 Callable @ 100.000 04/01/2030 | 750,000 | 884,003 | ||
City of Omaha NE Sewer Revenue 4.000% 04/01/2038 Callable @ 100.000 04/01/2030 | 400,000 | 466,688 | ||
City of Omaha NE Sewer Revenue 4.000% 04/01/2039 Callable @ 100.000 04/01/2030 | 250,000 | 290,623 | ||
City of Omaha NE Sewer Revenue 5.000% 11/15/2029 Callable @ 100.000 11/15/2024 | 250,000 | 279,725 | ||
City of Omaha NE Sewer Revenue 5.000% 11/15/2030 Callable @ 100.000 11/15/2024 | 250,000 | 279,330 | ||
City of Omaha NE Sewer Revenue 5.000% 11/15/2031 Callable @ 100.000 11/15/2024 | 500,000 | 559,160 | ||
Metropolitan Utilities District of Omaha 4.000% 12/15/2026 Callable @ 100.000 12/15/2022 | 250,000 | 260,130 | ||
Municipal Energy Agency of Nebraska 5.000% 04/01/2030 Callable @ 100.000 04/01/2022 | 500,000 | 509,165 | ||
Municipal Energy Agency of Nebraska 5.000% 04/01/2032 Callable @ 100.000 04/01/2022 | 100,000 | 101,747 | ||
Nebraska Public Power District 4.000% 01/01/2044 Callable @ 100.000 01/01/2031 | 500,000 | 579,540 | ||
Nebraska Public Power District 5.000% 01/01/2030 Callable @ 100.000 01/01/2022 | 500,000 | 503,960 | ||
*Nebraska Public Power District 5.000% 01/01/2036 Callable @ 100.000 01/01/2026 | 2,355,000 | 2,689,481 | ||
Nebraska Public Power District 5.000% 01/01/2041 Callable @ 100.000 01/01/2026 | 250,000 | 284,963 | ||
#Omaha Public Power District 5.000% 02/01/2046 Callable @ 100.000 08/01/2030 | 1,000,000 | 1,253,490 | ||
Omaha Public Power District Nebraska City Station Unit 2 4.000% 02/01/2032 Callable @ 100.000 02/01/2026 | 400,000 | 441,848 | ||
Omaha Public Power District Nebraska City Station Unit 2 4.000% 02/01/2035 Callable @ 100.000 02/01/2026 | 365,000 | 401,562 | ||
Omaha Public Power District Nebraska City Station Unit 2 5.000% 02/01/2031 Callable @ 100.000 02/01/2026 | 445,000 | 516,845 | ||
Omaha Public Power District Nebraska City Station Unit 2 5.000% 02/01/2032 Callable @ 100.000 02/01/2025 | 250,000 | 281,045 | ||
16,485,695 | ||||
TOTAL MUNICIPAL BONDS (COST:$56,110,310) | $ | 57,944,485 | ||
OTHER ASSETS LESS LIABILITIES (1.2%) | $ | 730,983 | ||
NET ASSETS (100.0%) | $ | 58,675,468 | ||
#When-issued purchase as of October 29, 2021 | ||||
*Indicates bonds are segregated by the custodian to cover when-issued or delayed delivery purchases. | ||||
OKLAHOMA MUNICIPAL BOND | ||||
Schedule of Investments October 29, 2021 (unaudited) | ||||
Principal | Fair | |||
Amount | Value | |||
MUNICIPAL BONDS (92.8%) | ||||
Education (4.8%) | ||||
Oklahoma Development Finance Authority 4.000% 08/01/2030 Callable @ 100.000 08/01/2024 | 280,000 | 300,370 | ||
Oklahoma Development Finance Authority 4.000% 08/01/2031 Callable @ 100.000 08/01/2024 | 290,000 | 310,019 | ||
Oklahoma Development Finance Authority 4.000% 08/01/2032 Callable @ 100.000 08/01/2024 | 305,000 | 325,819 | ||
Oklahoma Development Finance Authority 4.000% 08/01/2033 Callable @ 100.000 08/01/2024 | 315,000 | 336,149 | ||
Oklahoma Development Finance Authority 5.000% 06/01/2039 Callable @ 100.000 06/01/2024 | $ | 19,000 | $ | 20,350 |
Oklahoma State University 4.000% 09/01/2036 Callable @ 100.000 09/01/2030 | 370,000 | 445,554 | ||
Oklahoma State University 5.000% 08/01/2032 Callable @ 100.000 08/01/2028 | 250,000 | 305,783 | ||
University of Oklahoma/The 4.000% 07/01/2040 Callable @ 100.000 07/01/2025 | 650,000 | 696,664 | ||
University of Oklahoma/The 5.000% 07/01/2036 Callable @ 100.000 07/01/2025 | 500,000 | 568,495 | ||
University of Oklahoma/The 5.000% 07/01/2038 Callable @ 100.000 07/01/2025 | 500,000 | 567,465 | ||
3,876,667 | ||||
General Obligation (7.2%) | ||||
City of Bartlesville OK 2.000% 12/01/2028 | 195,000 | 206,468 | ||
City of Broken Arrow OK 2.000% 12/01/2021 | 500,000 | 500,715 | ||
City of Broken Arrow OK 3.125% 12/01/2035 Callable @ 100.000 12/01/2026 | 575,000 | 610,604 | ||
City of Broken Arrow OK 4.000% 12/01/2037 Callable @ 100.000 12/01/2028 | 605,000 | 681,496 | ||
City of Broken Arrow OK 4.000% 12/01/2038 Callable @ 100.000 12/01/2028 | 610,000 | 686,274 | ||
City of Lawton OK 2.000% 12/01/2022 | 500,000 | 508,745 | ||
City of Midwest City OK 3.000% 06/01/2041 Callable @ 100.000 06/01/2029 | 500,000 | 524,470 | ||
City of Oklahoma City OK 4.000% 03/01/2031 | 300,000 | 372,492 | ||
*City of Oklahoma City OK 4.000% 03/01/2032 Callable @ 100.000 03/01/2027 | 1,305,000 | 1,484,699 | ||
City of Perkins OK 3.000% 06/01/2033 | 125,000 | 138,860 | ||
City of Perkins OK 3.000% 06/01/2034 | 115,000 | 127,098 | ||
5,841,921 | ||||
Health Care (6.3%) | ||||
Norman Regional Hospital Authority 3.250% 09/01/2039 Callable @ 100.000 09/01/2029 | 895,000 | 942,811 | ||
Norman Regional Hospital Authority 5.000% 09/01/2045 Callable @ 100.000 09/01/2029 | 200,000 | 240,670 | ||
Oklahoma County Finance Authority 4.000% 04/01/2041 Callable @ 100.000 04/01/2031 | 250,000 | 290,020 | ||
Oklahoma County Finance Authority 4.000% 04/01/2046 Callable @ 100.000 04/01/2031 | 335,000 | 383,699 | ||
Oklahoma Development Finance Authority 4.000% 08/15/2038 Callable @ 100.000 08/15/2025 | 250,000 | 268,615 | ||
Oklahoma Development Finance Authority 4.000% 08/15/2048 Callable @ 100.000 08/15/2028 | 825,000 | 895,521 | ||
Oklahoma Development Finance Authority 5.000% 07/01/2035 Callable @ 100.000 07/01/2025 | 250,000 | 274,743 | ||
Oklahoma Development Finance Authority 5.000% 08/15/2025 | 350,000 | 400,488 | ||
Oklahoma Development Finance Authority 5.000% 08/15/2029 Callable @ 100.000 08/15/2025 | 250,000 | 283,545 | ||
Oklahoma Development Finance Authority 5.000% 08/15/2029 Callable @ 100.000 08/15/2028 | 345,000 | 416,839 | ||
Oklahoma Development Finance Authority 5.000% 08/15/2033 Callable @ 100.000 08/15/2028 | 175,000 | 208,392 | ||
Tulsa County Industrial Authority 3.000% 02/01/2037 Callable @ 100.000 02/01/2029 | 500,000 | 522,655 | ||
5,127,997 | ||||
Housing (1.1%) | ||||
Oklahoma Housing Finance Agency 3.000% 09/01/2039 Callable @ 100.000 03/01/2028 | 650,000 | 672,880 | ||
Oklahoma Housing Finance Agency 3.200% 03/01/2042 Callable @ 100.000 03/01/2028 | 220,000 | 233,790 | ||
906,670 | ||||
Other Revenue (36.2%) | ||||
Bryan County School Finance Authority 4.000% 12/01/2028 | 385,000 | 457,087 | ||
Bryan County School Finance Authority 4.000% 12/01/2029 | 415,000 | 496,992 | ||
Bryan County School Finance Authority 4.000% 12/01/2030 Callable @ 100.000 12/01/2029 | 435,000 | 519,908 | ||
Caddo County Governmental Building Authority 5.000% 09/01/2040 Callable @ 100.000 09/01/2028 | 1,010,000 | 1,183,589 | ||
Carter County Public Facilities Authority 3.000% 09/01/2033 Callable @ 100.000 09/01/2031 | 520,000 | 570,773 | ||
Carter County Public Facilities Authority 3.000% 09/01/2034 Callable @ 100.000 09/01/2031 | 535,000 | 585,386 | ||
Carter County Public Facilities Authority 3.000% 09/01/2035 Callable @ 100.000 09/01/2031 | 550,000 | 599,654 | ||
Carter County Public Facilities Authority 3.000% 09/01/2036 Callable @ 100.000 09/01/2031 | 575,000 | 624,318 | ||
Elk City Industrial Authority 3.000% 05/01/2034 Callable @ 100.000 05/01/2029 | 1,050,000 | 1,113,042 | ||
Elk City Industrial Authority 3.000% 05/01/2039 Callable @ 100.000 05/01/2029 | 425,000 | 436,373 | ||
Garvin County Educational Facilities Authority 4.000% 09/01/2031 | 665,000 | 797,668 | ||
Grady County School Finance Authority 5.000% 09/01/2032 Callable @ 100.000 09/01/2028 | 370,000 | 449,831 | ||
Kingfisher County Educational Facilities Authority 3.000% 03/01/2033 Callable @ 100.000 03/01/2029 | 250,000 | 268,453 | ||
Kingfisher County Educational Facilities Authority 3.000% 03/01/2035 Callable @ 100.000 03/01/2031 | 570,000 | 637,380 | ||
Kingfisher County Educational Facilities Authority 3.000% 03/01/2036 Callable @ 100.000 03/01/2031 | 400,000 | 439,512 | ||
Leflore County Public Facility Authority 3.000% 12/01/2032 Callable @ 100.000 12/01/2029 | 500,000 | 533,240 | ||
Love County Educational Facilities Authority 3.000% 12/01/2038 Callable @ 100.000 12/01/2031 | 765,000 | 824,938 | ||
Mannford Public Works Authority 3.000% 01/01/2031 Callable @ 100.000 01/01/2029 | 500,000 | 528,030 | ||
Marshall County Educational Facilities Authority 4.000% 09/01/2036 Callable @ 100.000 09/01/2030 | 500,000 | 586,670 | ||
Muskogee Industrial Trust 5.000% 09/01/2026 | 400,000 | 475,228 | ||
Oklahoma Capitol Improvement Authority 3.000% 07/01/2040 Callable @ 100.000 07/01/2030 | 940,000 | 990,412 | ||
Oklahoma Capitol Improvement Authority 4.000% 07/01/2045 Callable @ 100.000 07/01/2029 | 500,000 | 562,075 | ||
Oklahoma Capitol Improvement Authority 5.000% 07/01/2035 Callable @ 100.000 07/01/2029 | 530,000 | 659,309 | ||
Oklahoma City Economic Development Trust 4.000% 03/01/2034 Callable @ 100.000 03/01/2031 | 1,180,000 | 1,429,275 | ||
Oklahoma City Public Property Authority 5.000% 10/01/2027 Callable @ 100.000 10/01/2025 | 350,000 | 402,192 | ||
Oklahoma City Public Property Authority 5.000% 10/01/2028 Callable @ 100.000 10/01/2025 | 400,000 | 457,264 | ||
Oklahoma City Public Property Authority 5.000% 10/01/2029 Callable @ 100.000 10/01/2025 | 625,000 | 723,331 | ||
Oklahoma City Public Property Authority 5.000% 10/01/2036 Callable @ 100.000 10/01/2025 | 230,000 | 263,233 | ||
Oklahoma City Public Property Authority 5.000% 10/01/2039 Callable @ 100.000 10/01/2025 | 835,000 | 960,442 | ||
Oklahoma City Zoological Trust OK Sales Tax Revenue 4.000% 06/01/2036 Callable @ 100.000 06/01/2031 | 1,000,000 | 1,208,660 | ||
Oklahoma County Finance Authority 4.000% 09/01/2033 Callable @ 100.000 09/01/2030 | 250,000 | 288,638 | ||
Oklahoma Development Finance Authority 3.000% 06/01/2029 | 195,000 | 214,666 | ||
Oklahoma Development Finance Authority 3.000% 06/01/2030 | 180,000 | 200,740 | ||
Oklahoma Development Finance Authority 4.000% 06/01/2032 Callable @ 100.000 06/01/2030 | 140,000 | 165,658 | ||
Oklahoma Development Finance Authority 4.000% 06/01/2032 Callable @ 100.000 06/01/2031 | 340,000 | 412,682 | ||
Oklahoma Development Finance Authority 4.000% 06/01/2033 Callable @ 100.000 06/01/2030 | 145,000 | 170,941 | ||
Oklahoma Development Finance Authority 4.000% 06/01/2034 Callable @ 100.000 06/01/2030 | 150,000 | 176,051 | ||
Oklahoma Development Finance Authority 4.000% 06/01/2034 Callable @ 100.000 06/01/2031 | 365,000 | 437,996 | ||
Oklahoma Development Finance Authority 4.000% 06/01/2035 Callable @ 100.000 06/01/2030 | 155,000 | 181,437 | ||
Oklahoma Development Finance Authority 4.000% 06/01/2035 Callable @ 100.000 06/01/2031 | 205,000 | 245,280 | ||
Oklahoma Development Finance Authority 4.000% 06/01/2038 Callable @ 100.000 06/01/2029 | 725,000 | 835,563 | ||
Oklahoma Development Finance Authority 4.000% 06/01/2040 Callable @ 100.000 06/01/2030 | 250,000 | 291,863 | ||
Ottawa County Educational Facilities Authority 4.000% 09/01/2022 | 990,000 | 1,019,472 | ||
Pottawatomie County Facilities Authority 3.000% 09/01/2035 Callable @ 100.000 09/01/2030 | 625,000 | 677,763 | ||
Pottawatomie County Facilities Authority 3.000% 09/01/2036 Callable @ 100.000 09/01/2030 | 700,000 | 769,335 | ||
Sand Springs Municipal Authority 4.000% 01/01/2036 Callable @ 100.000 01/01/2023 | 500,000 | 515,370 | ||
Sand Springs Municipal Authority 4.250% 01/01/2035 Callable @ 100.000 01/01/2023 | 250,000 | 258,503 | ||
Seminole County Educational Facilities Authority 3.000% 12/01/2030 | 415,000 | 444,822 | ||
Tahlequah Public Facilities Authority 4.000% 04/01/2023 | 550,000 | 578,496 | ||
Tulsa County Industrial Authority 4.000% 12/01/2030 Callable @ 100.000 12/01/2026 | 250,000 | 283,985 | ||
Tulsa Public Facilities Authority 3.000% 06/01/2031 Callable @ 100.000 06/01/2025 | 200,000 | 209,760 | ||
Wagoner County School Development Authority 4.000% 09/01/2027 | 500,000 | 578,670 | ||
Washington County Educational Facilities Authority 3.000% 09/01/2031 | 500,000 | 556,240 | ||
29,298,190 | ||||
PreRefunded (3.4%) | ||||
Oklahoma Capitol Improvement Authority 4.000% 07/01/2043 Callable @ 100.000 07/01/2026 | 500,000 | 573,040 | ||
Oklahoma Development Finance Authority 5.000% 02/15/2042 Callable @ 100.000 02/15/2022 | 250,000 | 253,463 | ||
*Oklahoma Municipal Power Authority 5.750% 01/01/2024 | 370,000 | 408,647 | ||
Oklahoma Water Resources Board 4.000% 04/01/2025 Callable @ 100.000 04/01/2022 | 150,000 | 152,495 | ||
Okmulgee County Governmental Building Authority 4.250% 12/01/2035 Callable @ 100.000 12/01/2023 | 500,000 | 525,535 | ||
Sapulpa Municipal Authority 5.000% 04/01/2028 Callable @ 100.000 04/01/2023 | 750,000 | 795,750 | ||
2,708,929 | ||||
Transportation (7.0%) | ||||
Oklahoma Capitol Improvement Authority 4.000% 07/01/2045 Callable @ 100.000 07/01/2030 | 2,000,000 | 2,320,400 | ||
Oklahoma Turnpike Authority 4.000% 01/01/2038 Callable @ 100.000 01/01/2027 | 100,000 | 112,474 | ||
Oklahoma Turnpike Authority 4.000% 01/01/2042 Callable @ 100.000 01/01/2027 | 1,000,000 | 1,121,560 | ||
*Tulsa Airports Improvement Trust 4.000% 06/01/2035 Callable @ 100.000 06/01/2028 | 1,355,000 | 1,535,500 | ||
Tulsa Airports Improvement Trust 4.000% 06/01/2036 Callable @ 100.000 06/01/2028 | 145,000 | 163,586 | ||
Tulsa Airports Improvement Trust 5.000% 06/01/2027 | 300,000 | 362,682 | ||
5,616,202 | ||||
Utilities (26.8%) | ||||
Clinton Public Works Authority 4.000% 12/01/2034 Callable @ 100.000 12/01/2024 | 750,000 | 796,710 | ||
Clinton Public Works Authority 4.000% 12/01/2039 Callable @ 100.000 12/01/2024 | 500,000 | 530,815 | ||
Coweta Public Works Authority 4.000% 08/01/2032 Callable @ 100.000 08/01/2026 | 1,000,000 | 1,121,390 | ||
Edmond Public Works Authority 4.000% 07/01/2047 Callable @ 100.000 07/01/2027 | 1,000,000 | 1,128,080 | ||
Edmond Public Works Authority 5.000% 07/01/2032 Callable @ 100.000 07/01/2027 | 500,000 | 599,920 | ||
Jenks Public Works Authority 3.000% 08/01/2029 Callable @ 100.000 08/01/2024 | 325,000 | 339,177 | ||
Miami Special Utility Authority 4.000% 12/01/2036 Callable @ 100.000 12/01/2026 | 500,000 | 559,125 | ||
Oklahoma City Water Utilities Trust 4.000% 07/01/2039 Callable @ 100.000 07/01/2025 | 175,000 | 188,293 | ||
Oklahoma City Water Utilities Trust 5.000% 07/01/2034 Callable @ 100.000 07/01/2025 | 100,000 | 113,262 | ||
Oklahoma Water Resources Board 3.000% 10/01/2036 Callable @ 100.000 10/01/2030 | 650,000 | 712,465 | ||
Oklahoma Water Resources Board 4.000% 04/01/2033 Callable @ 100.000 04/01/2030 | 500,000 | 601,685 | ||
Oklahoma Water Resources Board 4.000% 04/01/2033 Callable @ 100.000 04/01/2030 | 1,000,000 | 1,207,780 | ||
Oklahoma Water Resources Board 4.000% 10/01/2032 Callable @ 100.000 10/01/2031 | 235,000 | 288,787 | ||
Oklahoma Water Resources Board 4.000% 10/01/2033 Callable @ 100.000 10/01/2031 | 200,000 | 244,522 | ||
Oklahoma Water Resources Board 4.000% 10/01/2034 Callable @ 100.000 10/01/2031 | 310,000 | 376,811 | ||
Oklahoma Water Resources Board 4.000% 10/01/2035 Callable @ 100.000 10/01/2031 | 430,000 | 521,358 | ||
Oklahoma Water Resources Board 4.000% 10/01/2036 Callable @ 100.000 10/01/2031 | 200,000 | 242,086 | ||
Oklahoma Water Resources Board 4.000% 10/01/2038 Callable @ 100.000 10/01/2028 | 325,000 | 375,970 | ||
Oklahoma Water Resources Board 4.000% 10/01/2043 Callable @ 100.000 10/01/2028 | 830,000 | 953,131 | ||
Oklahoma Water Resources Board 4.000% 10/01/2045 Callable @ 100.000 10/01/2030 | 955,000 | 1,137,185 | ||
Oklahoma Water Resources Board 4.000% 10/01/2045 Callable @ 100.000 10/01/2030 | 465,000 | 551,592 | ||
Oklahoma Water Resources Board 4.000% 10/01/2048 Callable @ 100.000 10/01/2028 | 1,460,000 | 1,661,100 | ||
Oklahoma Water Resources Board 4.000% 10/01/2050 Callable @ 100.000 10/01/2030 | 515,000 | 605,712 | ||
Oklahoma Water Resources Board 5.000% 04/01/2032 Callable @ 100.000 04/01/2022 | 140,000 | 142,489 | ||
Oklahoma Water Resources Board 5.000% 10/01/2029 Callable @ 100.000 10/01/2024 | 250,000 | 278,580 | ||
Oklahoma Water Resources Board 5.000% 10/01/2033 Callable @ 100.000 10/01/2024 | 500,000 | 555,790 | ||
Sand Springs Municipal Authority Water Sewer Utility & 1% Sales Tax Revenue 3.000% 11/01/2038 Callable @ 100.000 11/01/2028 | 980,000 | 1,043,092 | ||
*Sand Springs Municipal Authority Water Sewer Utility & 1% Sales Tax Revenue 3.000% 11/01/2042 Callable @ 100.000 11/01/2028 | 1,500,000 | 1,592,535 | ||
*Washington County Rural Water District No 3 3.000% 09/15/2041 Callable @ 100.000 03/01/2028 | 3,000,000 | 3,170,430 | ||
21,639,872 | ||||
TOTAL MUNICIPAL BONDS (COST: $72,741,425) | $ | 75,016,447 | ||
OTHER ASSETS LESS LIABILITIES (7.2%) | $ | 5,814,677 | ||
NET ASSETS (100.0%) | $ | 80,831,124 | ||
*Indicates bonds are segregated by the custodian to cover when-issued or delayed delivery purchases. | ||||
VIKING TAX-FREE FUND FOR MONTANA | ||||
Schedule of Investments October 29, 2021 (unaudited) | ||||
Principal | Fair | |||
Amount | Value | |||
MUNICIPAL BONDS (98.0%) | ||||
Education (5.8%) | ||||
Flathead County School District No 6 Columbia Falls 3.000% 07/01/2034 Callable @ 100.000 01/01/2031 | $ | 280,000 | $ | 311,119 |
Montana State Board of Regents 4.000% 11/15/2025 Callable @ 100.000 11/15/2022 | 500,000 | 519,880 | ||
Montana State Board of Regents 5.000% 11/15/2045 Callable @ 100.000 11/15/2027 | 1,000,000 | 1,205,900 | ||
Montana State Board of Regents 5.000% 11/15/2034 Callable @ 100.000 11/15/2031 | 500,000 | 656,520 | ||
Montana State Board of Regents 5.000% 11/15/2035 Callable @ 100.000 11/15/2031 | 410,000 | 536,998 | ||
Montana State Board of Regents 4.000% 11/15/2040 Callable @ 100.000 11/15/2031 | 315,000 | 373,905 | ||
Montana State Board of Regents 4.000% 11/15/2041 Callable @ 100.000 11/15/2031 | 400,000 | 473,216 | ||
Montana State Board of Regents 4.000% 11/15/2046 Callable @ 100.000 11/15/2031 | 1,225,000 | 1,429,894 | ||
5,507,431 | ||||
General Obligation (48.7%) | ||||
City of Bozeman MT 4.000% 07/01/2028 Callable @ 100.000 01/01/2024 | 540,000 | 581,380 | ||
City of Bozeman MT 4.000% 07/01/2034 Callable @ 100.000 07/01/2029 | 500,000 | 585,905 | ||
Broadwater County K 12 School District No 1 Townsend 3.000% 07/01/2038 Callable @ 100.000 07/01/2030 | 475,000 | 512,240 | ||
Broadwater County K 12 School District No 1 Townsend 3.000% 07/01/2039 Callable @ 100.000 07/01/2030 | 410,000 | 441,127 | ||
City & County of Butte Silver Bow MT 4.000% 07/01/2030 Callable @ 100.000 07/01/2026 | 225,000 | 251,613 | ||
City & County of Butte Silver Bow MT 4.000% 07/01/2032 Callable @ 100.000 07/01/2026 | 240,000 | 267,199 | ||
City & County of Butte Silver Bow MT 4.500% 07/01/2034 Callable @ 100.000 07/01/2026 | 850,000 | 967,513 | ||
Carbon County High School District No 1 Red Lodge 3.000% 07/01/2039 Callable @ 100.000 01/01/2031 | 475,000 | 520,453 | ||
Carbon County High School District No 1 Red Lodge 3.000% 07/01/2041 Callable @ 100.000 01/01/2031 | 255,000 | 277,677 | ||
Carbon County K 12 School District No 2 Bridger 3.000% 07/01/2037 Callable @ 100.000 01/01/2031 | 580,000 | 641,689 | ||
Carbon County K 12 School District No 2 Bridger 3.000% 07/01/2038 Callable @ 100.000 01/01/2031 | 600,000 | 662,748 | ||
Carbon County K 12 School District No 2 Bridger 3.000% 07/01/2039 Callable @ 100.000 01/01/2031 | 620,000 | 683,178 | ||
Carbon County K 12 School District No 2 Bridger 3.000% 07/01/2040 Callable @ 100.000 01/01/2031 | 535,000 | 587,451 | ||
Carbon County K 12 School District No 2 Bridger 3.000% 07/01/2041 Callable @ 100.000 01/01/2031 | 500,000 | 547,550 | ||
Cascade County Elementary School District No 1 Great Falls 4.000% 07/01/2031 Callable @ 100.000 07/01/2027 | 700,000 | 800,527 | ||
Cascade County High School District No C Centerville 3.000% 07/01/2041 Callable @ 100.000 07/01/2031 | 175,000 | 188,608 | ||
Cascade County School District 5/5C Centerville 3.000% 07/01/2033 Callable @ 100.000 07/01/2031 | 305,000 | 338,971 | ||
Cascade County School District 5/5C Centerville 3.000% 07/01/2035 Callable @ 100.000 07/01/2031 | 250,000 | 276,048 | ||
Cascade County School District 5/5C Centerville 3.000% 07/01/2037 Callable @ 100.000 07/01/2031 | 245,000 | 268,020 | ||
Cascade County School District 5/5C Centerville 3.000% 07/01/2039 Callable @ 100.000 07/01/2031 | 365,000 | 395,605 | ||
Cascade County School District 5/5C Centerville 3.000% 07/01/2041 Callable @ 100.000 07/01/2031 | 200,000 | 215,552 | ||
Flathead County High School District No 5 Kalispell 5.000% 07/01/2039 Callable @ 100.000 07/01/2028 | 455,000 | 559,959 | ||
Flathead County School District No 6 Columbia Falls 4.000% 07/01/2039 Callable @ 100.000 07/01/2030 | 1,000,000 | 1,167,140 | ||
Flathead County School District No 6 Columbia Falls 3.000% 07/01/2038 Callable @ 100.000 01/01/2031 | 250,000 | 274,145 | ||
Flathead County School District No 6 Columbia Falls 3.000% 07/01/2040 Callable @ 100.000 01/01/2031 | 250,000 | 271,865 | ||
City of Fort Benton MT 3.000% 07/01/2035 Callable @ 100.000 07/01/2030 | 715,000 | 775,804 | ||
City of Fort Benton MT 3.000% 07/01/2040 Callable @ 100.000 07/01/2030 | 770,000 | 820,658 | ||
Gallatin County MO Etc MO High School District No J 24 Three Forks 4.000% 07/01/2035 Callable @ 100.000 07/01/2030 | 465,000 | 559,186 | ||
Gallatin County MO Etc MO High School District No J 24 Three Forks 4.000% 07/01/2037 Callable @ 100.000 07/01/2030 | 605,000 | 707,699 | ||
Gallatin County High School District No 7 Bozeman 3.000% 12/01/2034 Callable @ 100.000 06/01/2027 | 500,000 | 531,390 | ||
Gallatin County High School District No 7 Bozeman 3.000% 06/01/2035 Callable @ 100.000 06/01/2027 | 300,000 | 317,196 | ||
Gallatin County School District No 72 Ophir 4.000% 07/01/2031 Callable @ 100.000 07/01/2030 | 775,000 | 932,666 | ||
Gallatin County School District No 72 Ophir 4.000% 07/01/2032 Callable @ 100.000 07/01/2030 | 695,000 | 833,263 | ||
Gallatin County School District No 72 Ophir 4.000% 07/01/2034 Callable @ 100.000 07/01/2030 | 310,000 | 366,795 | ||
Gallatin County School District No 72 Ophir 4.000% 07/01/2035 Callable @ 100.000 07/01/2030 | 535,000 | 631,450 | ||
Gallatin County School District No 72 Ophir 4.000% 07/01/2036 Callable @ 100.000 07/01/2030 | 565,000 | 668,016 | ||
Gallatin County School District No 72 Ophir 4.000% 07/01/2037 Callable @ 100.000 07/01/2030 | 800,000 | 940,000 | ||
Gallatin County School District No 7 Bozeman 4.000% 12/01/2032 Callable @ 100.000 06/01/2026 | 610,000 | 677,015 | ||
Gallatin County School District No 7 Bozeman 4.000% 12/01/2033 Callable @ 100.000 06/01/2026 | 260,000 | 287,953 | ||
Gallatin County School District No 27 Monforton 4.250% 06/15/2026 Callable @ 100.000 06/15/2023 | 415,000 | 441,523 | ||
Gallatin County School District No 44 Belgrade 3.500% 06/15/2028 | 575,000 | 575,811 | ||
Gallatin County School District No 44 Belgrade 4.000% 06/01/2031 Callable @ 100.000 06/01/2029 | 265,000 | 312,239 | ||
Gallatin County School District No 44 Belgrade 4.000% 06/01/2036 Callable @ 100.000 06/01/2029 | 345,000 | 401,173 | ||
Gallatin County School District No 3 Manhattan 4.000% 07/01/2034 Callable @ 100.000 07/01/2026 | 465,000 | 516,662 | ||
Missoula High School District No 1 4.000% 07/01/2032 Callable @ 100.000 07/01/2026 | 275,000 | 307,090 | ||
Hellgate School District No 4 5.000% 06/15/2028 Callable @ 100.000 06/15/2027 | 500,000 | 616,250 | ||
Hellgate School District No 4 5.000% 06/15/2029 Callable @ 100.000 06/15/2027 | 500,000 | 605,695 | ||
Hellgate School District No 4 5.000% 06/15/2030 Callable @ 100.000 06/15/2027 | 500,000 | 604,900 | ||
Missoula County School District No 7 Lolo 3.000% 07/01/2045 Callable @ 100.000 07/01/2031 | 470,000 | 499,629 | ||
Missoula County School District No 7 Lolo 3.000% 07/01/2046 Callable @ 100.000 07/01/2031 | 480,000 | 508,118 | ||
Missoula County School District No 7 Lolo 3.000% 07/01/2047 Callable @ 100.000 07/01/2031 | 510,000 | 538,672 | ||
Missoula County School District No 7 Lolo 3.000% 07/01/2048 Callable @ 100.000 07/01/2031 | 540,000 | 568,442 | ||
Desmet School District No 20 3.000% 07/01/2040 Callable @ 100.000 07/01/2030 | 320,000 | 346,854 | ||
DeSmet School District No 20 3.000% 07/01/2041 Callable @ 100.000 07/01/2031 | 200,000 | 221,648 | ||
City of Missoula MT 4.000% 07/01/2031 Callable @ 100.000 07/01/2025 | 250,000 | 275,258 | ||
*Missoula County Elementary School District No 1 4.000% 07/01/2032 Callable @ 100.000 07/01/2026 | 500,000 | 554,995 | ||
Missoula County Elementary School District No 1 4.000% 07/01/2033 Callable @ 100.000 07/01/2026 | 750,000 | 835,718 | ||
State of Montana 4.000% 08/01/2023 | 385,000 | 412,420 | ||
State of Montana 4.000% 08/01/2026 Callable @ 100.000 08/01/2024 | 855,000 | 941,287 | ||
State of Montana 4.000% 08/01/2027 Callable @ 100.000 08/01/2024 | 480,000 | 526,176 | ||
State of Montana 5.000% 08/01/2030 | 500,000 | 661,215 | ||
Ravalli County High School District No 2 Stevensville 4.000% 07/01/2037 Callable @ 100.000 07/01/2029 | 250,000 | 286,923 | ||
Ravalli County High School District No 2 Stevensville 4.000% 07/01/2038 Callable @ 100.000 07/01/2029 | 965,000 | 1,106,778 | ||
Ravalli County High School District No 2 Stevensville 4.000% 07/01/2039 Callable @ 100.000 07/01/2029 | 355,000 | 406,340 | ||
County of Ravalli MT 4.250% 07/01/2030 Callable @ 100.000 07/01/2024 | 755,000 | 815,083 | ||
Ravalli & Missoula Counties Joint School District No 15 6 4.000% 07/01/2038 Callable @ 100.000 07/01/2029 | 250,000 | 288,465 | ||
Ravalli & Missoula Counties Joint School District No 15 6 4.000% 07/01/2039 Callable @ 100.000 07/01/2029 | 250,000 | 287,885 | ||
*Silver Bow County School District No 1 4.000% 07/01/2038 Callable @ 100.000 07/01/2029 | 1,960,000 | 2,247,963 | ||
Stillwater County Elementary School District No 6 Columbus 5.000% 07/01/2039 Callable @ 100.000 07/01/2029 | 300,000 | 372,867 | ||
Stillwater County High School District No 6 Columbus 4.000% 07/01/2037 Callable @ 100.000 07/01/2029 | 530,000 | 623,153 | ||
Stillwater County High School District No 6 Columbus 4.000% 07/01/2039 Callable @ 100.000 07/01/2029 | 275,000 | 321,816 | ||
Valley County K 12 School District No 1 A Glasgow/MT 4.250% 07/01/2031 Callable @ 100.000 07/01/2023 | 450,000 | 475,731 | ||
Wibaux County School District No 6 Wibaux 3.000% 07/01/2029 Callable @ 100.000 07/01/2025 | 355,000 | 375,246 | ||
Yellowstone County High School District No 7 Laurel 3.000% 07/01/2025 | 225,000 | 244,262 | ||
Yellowstone County School District No 2 Billings 5.000% 06/15/2024 | 500,000 | 565,090 | ||
Yellowstone County School District No 2 Billings 3.000% 06/15/2032 Callable @ 100.000 12/15/2027 | 630,000 | 678,649 | ||
Yellowstone County School District No 2 Billings 3.000% 06/15/2034 Callable @ 100.000 12/15/2027 | 315,000 | 336,669 | ||
Yellowstone County School District No 2 Billings 3.000% 06/15/2035 Callable @ 100.000 12/15/2027 | 430,000 | 455,310 | ||
Yellowstone County School District No 8 Elder Grove 4.000% 07/01/2037 Callable @ 100.000 07/01/2028 | 875,000 | 991,961 | ||
Yellowstone County K 12 School District No 26 Lockwood 5.000% 07/01/2037 Callable @ 100.000 07/01/2028 | 1,000,000 | 1,219,270 | ||
Yellowstone County K 12 School District No 26 Lockwood 5.000% 07/01/2038 Callable @ 100.000 07/01/2028 | 1,500,000 | 1,804,635 | ||
46,509,121 | ||||
Health Care (13.5%) | ||||
Montana Facility Finance Authority 5.000% 07/01/2032 Callable @ 100.000 07/01/2028 | 1,000,000 | 1,202,620 | ||
Montana Facility Finance Authority 5.000% 07/01/2033 Callable @ 100.000 07/01/2028 | 1,000,000 | 1,194,060 | ||
*Montana Facility Finance Authority 4.000% 07/01/2035 Callable @ 100.000 07/01/2030 | 1,075,000 | 1,213,385 | ||
Montana Facility Finance Authority 3.000% 07/01/2040 Callable @ 100.000 07/01/2030 | 2,000,000 | 2,144,680 | ||
Montana Facility Finance Authority 5.000% 08/15/2048 Callable @ 100.000 08/15/2028 | 500,000 | 594,560 | ||
Montana Facility Finance Authority 4.000% 01/01/2037 Callable @ 100.000 01/01/2030 | 200,000 | 233,706 | ||
Montana Facility Finance Authority 4.000% 01/01/2038 Callable @ 100.000 01/01/2030 | 1,500,000 | 1,745,355 | ||
Montana Facility Finance Authority 5.000% 06/01/2028 Callable @ 100.000 12/01/2024 | 1,015,000 | 1,121,037 | ||
Montana Facility Finance Authority 5.000% 06/01/2029 Callable @ 100.000 06/01/2025 | 915,000 | 1,018,724 | ||
Montana Facility Finance Authority 5.000% 06/01/2035 Callable @ 100.000 06/01/2028 | 425,000 | 507,748 | ||
Montana Facility Finance Authority 5.000% 06/01/2036 Callable @ 100.000 06/01/2028 | 700,000 | 833,616 | ||
Montana Facility Finance Authority 3.000% 06/01/2050 Callable @ 100.000 06/01/2031 | 350,000 | 367,402 | ||
County of Yellowstone MT 4.000% 10/01/2029 Callable @ 100.000 10/01/2024 | 710,000 | 771,884 | ||
12,948,776 | ||||
Housing (5.9%) | ||||
Montana Board of Housing 3.000% 12/01/2023 Callable @ 100.000 12/01/2022 | 60,000 | 60,805 | ||
Montana Board of Housing 3.150% 06/01/2024 Callable @ 100.000 12/01/2022 | 240,000 | 244,903 | ||
Montana Board of Housing 3.150% 12/01/2024 Callable @ 100.000 12/01/2022 | 85,000 | 86,695 | ||
Montana Board of Housing 3.350% 06/01/2025 Callable @ 100.000 12/01/2022 | 110,000 | �� | 111,884 | |
Montana Board of Housing 3.875% 12/01/2023 Callable @ 100.000 06/01/2023 | 110,000 | 113,542 | ||
Montana Board of Housing 4.050% 06/01/2024 Callable @ 100.000 06/01/2023 | 105,000 | 110,096 | ||
Montana Board of Housing 4.050% 12/01/2024 Callable @ 100.000 06/01/2023 | 290,000 | 302,879 | ||
Montana Board of Housing 4.650% 12/01/2028 Callable @ 100.000 06/01/2023 | 165,000 | 171,417 | ||
Montana Board of Housing 3.400% 12/01/2033 Callable @ 100.000 12/01/2027 | 345,000 | 375,774 | ||
Montana Board of Housing 3.250% 12/01/2044 Callable @ 100.000 12/01/2028 | 1,310,000 | 1,387,133 | ||
Montana Board of Housing 2.800% 12/01/2039 Callable @ 100.000 06/01/2029 | 815,000 | 848,741 | ||
Montana Board of Housing 3.000% 12/01/2045 Callable @ 100.000 06/01/2029 | 455,000 | 470,893 | ||
Montana Board of Housing 1.800% 06/01/2033 Callable @ 100.000 12/01/2030 | 250,000 | 247,240 | ||
Montana Board of Housing 1.850% 12/01/2036 Callable @ 100.000 12/01/2030 | 250,000 | 239,835 | ||
Montana Board of Housing 3.800% 12/01/2038 Callable @ 100.000 06/01/2028 | 830,000 | 900,401 | ||
5,672,238 | ||||
Other Revenue (8.4%) | ||||
City of Billings MT 5.500% 07/01/2026 | 205,000 | 205,076 | ||
City of Billings MT 4.800% 07/01/2022 | 15,000 | 15,002 | ||
City of Billings MT 4.375% 07/01/2029 Callable @ 100.000 01/01/2023 | 490,000 | 496,738 | ||
*City of Billings MT 5.000% 07/01/2033 Callable @ 100.000 01/01/2023 | 900,000 | 920,331 | ||
City of Billings MT 5.000% 07/01/2032 Callable @ 100.000 07/01/2028 | 710,000 | 805,502 | ||
City of Billings MT 4.000% 07/01/2036 Callable @ 100.000 07/01/2030 | 405,000 | 458,837 | ||
Gallatin County Rural Improvement District 5.500% 07/01/2025 | 325,000 | 325,276 | ||
*Gallatin County Rural Improvement District 6.000% 07/01/2030 | 1,000,000 | 1,000,280 | ||
City of Great Falls MT 3.000% 07/01/2035 Callable @ 100.000 07/01/2030 | 1,005,000 | 1,015,703 | ||
City of Kalispell MT 5.000% 07/01/2033 Callable @ 100.000 07/01/2028 | 500,000 | 605,050 | ||
City of Livingston MT 4.000% 07/01/2034 Callable @ 100.000 01/01/2029 | 525,000 | 582,582 | ||
Madison County Rural Improvement District 5.500% 07/01/2025 | 185,000 | 185,155 | ||
*Madison County Rural Improvement District 6.000% 07/01/2030 | 1,000,000 | 1,000,270 | ||
City of Missoula MT 4.750% 07/01/2027 | 90,000 | 90,048 | ||
City of Missoula MT 6.000% 07/01/2030 | 180,000 | 180,029 | ||
City of Missoula MT 5.125% 07/01/2026 | 125,000 | 125,013 | ||
8,010,891 | ||||
PreRefunded (7.2%) | ||||
Montana State Board of Regents 5.000% 11/15/2023 Callable @ 100.000 11/15/2021 | 250,000 | 250,548 | ||
*Montana State Board of Regents 4.000% 05/15/2025 Callable @ 100.000 05/15/2022 | 2,000,000 | 2,042,340 | ||
Montana State Board of Regents 4.000% 05/15/2026 Callable @ 100.000 05/15/2022 | 1,145,000 | 1,169,240 | ||
Montana State Board of Regents 5.000% 11/15/2025 Callable @ 100.000 11/15/2023 | 500,000 | 548,905 | ||
Montana State Board of Regents 5.000% 11/15/2030 Callable @ 100.000 11/15/2023 | 240,000 | 261,766 | ||
Yellowstone County School District No 2 Billings 5.000% 06/15/2026 Callable @ 100.000 06/15/2024 | 515,000 | 577,727 | ||
Yellowstone County School District No 2 Billings 5.000% 06/15/2027 Callable @ 100.000 06/15/2024 | 1,000,000 | 1,118,720 | ||
Yellowstone County School District No 2 Billings 5.000% 06/15/2031 Callable @ 100.000 06/15/2025 | 350,000 | 403,214 | ||
Yellowstone County School District No 2 Billings 5.000% 06/15/2032 Callable @ 100.000 06/15/2025 | 435,000 | 503,852 | ||
6,876,311 | ||||
Transportation (1.5%) | ||||
Missoula Parking Commission 4.000% 10/01/2026 Callable @ 100.000 04/01/2024 | 835,000 | 903,428 | ||
Missoula Special Improvement Districts/MT 4.600% 07/01/2024 | 100,000 | 100,101 | ||
Missoula Special Improvement Districts/MT 4.600% 07/01/2025 | 105,000 | 105,095 | ||
Missoula Special Improvement Districts/MT 5.400% 07/01/2029 | 370,000 | 370,078 | ||
1,478,701 | ||||
Utilities (7.0%) | ||||
City of Billings MT 5.000% 07/01/2031 Callable @ 100.000 07/01/2027 | 260,000 | 314,805 | ||
City of Billings MT Solid Waste System Revenue 3.500% 07/01/2039 Callable @ 100.000 07/01/2027 | 1,510,000 | 1,634,213 | ||
City of Billings MT Storm Sewer Revenue 4.000% 07/01/2025 Callable @ 100.000 07/01/2023 | 215,000 | 228,704 | ||
City of Billings MT Storm Sewer Revenue 4.000% 07/01/2026 Callable @ 100.000 07/01/2023 | 225,000 | 238,547 | ||
City of Billings MT Storm Sewer Revenue 4.000% 07/01/2028 Callable @ 100.000 07/01/2025 | 250,000 | 279,463 | ||
City of Billings MT Storm Sewer Revenue 4.000% 07/01/2029 Callable @ 100.000 07/01/2025 | 250,000 | 276,710 | ||
City of Dillon MT Water & Sewer System Revenue 4.000% 07/01/2033 Callable @ 100.000 07/01/2025 | 250,000 | 275,638 | ||
Four Corners County Water & Sewer District 4.000% 07/01/2035 Callable @ 100.000 07/01/2031 | 585,000 | 693,810 | ||
Four Corners County Water & Sewer District 4.000% 07/01/2036 Callable @ 100.000 07/01/2031 | 610,000 | 721,288 | ||
Four Corners County Water & Sewer District 4.000% 07/01/2036 Callable @ 100.000 07/01/2031 | 525,000 | 621,800 | ||
City of Missoula MT Water System Revenue 5.000% 07/01/2033 Callable @ 100.000 07/01/2028 | 565,000 | 699,261 | ||
City of Missoula MT Water System Revenue 4.000% 07/01/2037 Callable @ 100.000 07/01/2028 | 600,000 | 696,126 | ||
6,680,364 | ||||
TOTAL MUNICPAL BONDS (COST: $90,493,650) | $ | 93,683,833 | ||
OTHER ASSETS LESS LIABILITIES (2.0%) | $ | 1,873,813 | ||
NET ASSETS (100.0%) | $ | 95,557,645 | ||
*Indicates bonds are segregated by the custodian to cover when-issued or delayed-delivery purchases. | ||||
VIKING TAX-FREE FUND FOR NORTH DAKOTA | ||||
Schedule of Investments October 29, 2021 (unaudited) | ||||
Principal | Fair | |||
Amount | Value | |||
MUNICIPAL BONDS (97.9%) | ||||
Education (13.9%) | ||||
State Board of Higher Education of the State of North Dakota 4.000% 04/01/2025 Callable @ 100.000 04/01/2024 | $ | 415,000 | $ | 453,475 |
State Board of Higher Education of the State of North Dakota 4.000% 04/01/2028 Callable @ 100.000 04/01/2024 | 365,000 | 386,823 | ||
State Board of Higher Education of the State of North Dakota 4.000% 04/01/2033 Callable @ 100.000 04/01/2025 | 500,000 | 535,510 | ||
State Board of Higher Education of the State of North Dakota 3.250% 04/01/2037 Callable @ 100.000 04/01/2027 | 250,000 | 266,343 | ||
State Board of Higher Education of the State of North Dakota 4.000% 04/01/2044 Callable @ 100.000 04/01/2029 | 500,000 | 565,605 | ||
State Board of Higher Education of the State of North Dakota 3.125% 07/01/2037 Callable @ 100.000 07/01/2029 | 200,000 | 197,910 | ||
State Board of Higher Education of the State of North Dakota 3.200% 07/01/2039 Callable @ 100.000 07/01/2029 | 200,000 | 198,122 | ||
State Board of Higher Education of the State of North Dakota 2.000% 08/01/2033 Callable @ 100.000 08/01/2028 | 200,000 | 199,682 | ||
State Board of Higher Education of the State of North Dakota 2.000% 08/01/2034 Callable @ 100.000 08/01/2028 | 415,000 | 409,443 | ||
University of North Dakota 4.000% 06/01/2040 Callable @ 100.000 06/01/2030 | 1,000,000 | 1,152,030 | ||
University of North Dakota 5.000% 04/01/2024 Callable @ 100.000 04/01/2022 | 250,000 | 254,983 | ||
4,619,925 | ||||
General Obligation (29.6%) | ||||
Dickinson Public School District No 1 4.000% 08/01/2034 Callable @ 100.000 08/01/2025 | 400,000 | 434,656 | ||
City of Grand Forks ND 4.000% 12/01/2039 Callable @ 100.000 12/01/2028 | 470,000 | 532,684 | ||
City of Grand Forks ND 4.500% 05/01/2032 Callable @ 100.000 05/01/2025 | 240,000 | 261,233 | ||
City of Horace ND 4.250% 05/01/2035 Callable @ 100.000 05/01/2023 | 340,000 | 351,213 | ||
City of Horace ND 3.000% 05/01/2037 Callable @ 100.000 05/01/2026 | 500,000 | 523,305 | ||
City of Horace ND 3.000% 05/01/2034 Callable @ 100.000 05/01/2027 | 500,000 | 519,445 | ||
Mandan Public School District No 1 3.125% 08/01/2024 Callable @ 100.000 08/01/2022 | 200,000 | 204,622 | ||
Mandan Public School District No 1 3.000% 08/01/2033 Callable @ 100.000 08/01/2029 | 1,000,000 | 1,103,050 | ||
City of Minot ND Airport Revenue 3.500% 10/01/2025 Callable @ 100.000 10/01/2022 | 570,000 | 585,082 | ||
City of Minot ND Airport Revenue 4.000% 10/01/2028 Callable @ 100.000 10/01/2022 | 355,000 | 364,191 | ||
Nesson Public School District No 2 4.000% 08/01/2039 Callable @ 100.000 08/01/2027 | 500,000 | 551,730 | ||
Thompson Public School District No 61 1.550% 08/01/2038 Callable @ 100.000 08/01/2028 | 275,000 | 262,672 | ||
City of West Fargo ND 2.000% 05/01/2037 Callable @ 100.000 05/01/2026 | 350,000 | 345,153 | ||
City of West Fargo ND 2.250% 05/01/2040 Callable @ 100.000 05/01/2026 | 500,000 | 502,450 | ||
West Fargo Park District 3.000% 05/01/2029 | 275,000 | 310,409 | ||
West Fargo Park District 2.000% 05/01/2030 Callable @ 100.000 05/01/2029 | 285,000 | 298,483 | ||
West Fargo Park District 2.000% 05/01/2031 Callable @ 100.000 05/01/2029 | 290,000 | 301,507 | ||
West Fargo Park District 2.000% 05/01/2032 Callable @ 100.000 05/01/2029 | 295,000 | 304,685 | ||
West Fargo Public School District No 6 3.000% 08/01/2035 Callable @ 100.000 08/01/2028 | 1,000,000 | 1,093,980 | ||
West Fargo Public School District No 6 3.000% 08/01/2036 Callable @ 100.000 08/01/2028 | 500,000 | 547,405 | ||
City of Williston ND 4.000% 05/01/2035 Callable @ 100.000 05/01/2023 | 200,000 | 206,370 | ||
City of Williston ND 4.000% 05/01/2038 Callable @ 100.000 05/01/2023 | 230,000 | 236,944 | ||
9,841,268 | ||||
Health Care (15.2%) | ||||
County of Burleigh ND 3.500% 11/01/2028 Callable @ 101.000 11/01/2025 | 215,000 | 220,255 | ||
County of Burleigh ND 4.000% 11/01/2032 Callable @ 101.000 11/01/2025 | 250,000 | 255,808 | ||
County of Cass ND 5.000% 02/15/2033 Callable @ 100.000 02/15/2028 | 445,000 | 530,369 | ||
County of Cass ND 4.125% 02/15/2037 Callable @ 100.000 02/15/2028 | 595,000 | 665,353 | ||
*County of Cass ND 4.250% 02/15/2043 Callable @ 100.000 02/15/2028 | 1,290,000 | 1,432,687 | ||
City of Grand Forks ND 5.000% 12/01/2022 Callable @ 100.000 12/01/2021 | 500,000 | 502,175 | ||
City of Grand Forks ND 4.000% 12/01/2027 Callable @ 100.000 12/01/2021 | 400,000 | 400,804 | ||
City of Grand Forks ND 5.000% 12/01/2032 Callable @ 100.000 12/01/2021 | 250,000 | 250,728 | ||
City of Grand Forks ND 3.000% 12/01/2039 Callable @ 100.000 12/01/2031 | 250,000 | 261,893 | ||
City of Grand Forks ND 5.125% 12/01/2025 | 250,000 | 271,620 | ||
City of Langdon ND 6.200% 01/01/2025 | 130,000 | 130,144 | ||
County of Ward ND 5.000% 06/01/2053 Callable @ 100.000 06/01/2028 | 100,000 | 112,319 | ||
5,034,153 | ||||
Housing (9.2%) | ||||
North Dakota Housing Finance Agency 1.150% 01/01/2028 | 500,000 | 501,250 | ||
North Dakota Housing Finance Agency 1.750% 01/01/2031 Callable @ 100.000 07/01/2030 | 500,000 | 499,140 | ||
*North Dakota Housing Finance Agency 3.550% 07/01/2040 Callable @ 100.000 07/01/2026 | 580,000 | 612,364 | ||
North Dakota Housing Finance Agency 3.550% 07/01/2033 Callable @ 100.000 07/01/2027 | 155,000 | 167,324 | ||
North Dakota Housing Finance Agency 3.750% 07/01/2038 | 390,000 | 410,116 | ||
North Dakota Housing Finance Agency 3.500% 07/01/2035 Callable @ 100.000 07/01/2028 | 30,000 | 30,029 | ||
North Dakota Housing Finance Agency 2.950% 07/01/2039 Callable @ 100.000 01/01/2029 | 245,000 | 256,197 | ||
North Dakota Housing Finance Agency 3.050% 07/01/2043 Callable @ 100.000 01/01/2029 | 245,000 | 253,727 | ||
North Dakota Housing Finance Agency 3.000% 07/01/2040 Callable @ 100.000 07/01/2029 | 315,000 | 328,536 | ||
3,058,682 | ||||
Other Revenue (21.8%) | ||||
County of Barnes ND 4.000% 05/01/2032 Callable @ 100.000 05/01/2025 | 250,000 | 271,085 | ||
County of Barnes ND 4.000% 05/01/2040 Callable @ 100.000 05/01/2025 | 500,000 | 536,055 | ||
City of Grand Forks ND 5.000% 12/15/2028 Callable @ 100.000 12/15/2025 | 250,000 | 291,435 | ||
Jamestown Park District/ND 4.000% 07/01/2032 Callable @ 100.000 07/01/2024 | 500,000 | 530,715 | ||
Jamestown Park District/ND 4.000% 07/01/2033 Callable @ 100.000 07/01/2024 | 345,000 | 365,514 | ||
Jamestown Park District/ND 3.000% 07/01/2035 Callable @ 100.000 07/01/2024 | 500,000 | 513,330 | ||
*City of Mandan ND 4.000% 09/01/2034 Callable @ 100.000 09/01/2024 | 500,000 | 532,395 | ||
*City of Mandan ND 3.250% 09/01/2041 Callable @ 100.000 09/01/2024 | 1,250,000 | 1,281,963 | ||
Minot Park District 3.000% 12/01/2028 Callable @ 100.000 12/01/2023 | 250,000 | 258,553 | ||
Minot Park District 3.750% 12/01/2038 Callable @ 100.000 12/01/2025 | 435,000 | 464,693 | ||
City of Minot ND 2.000% 10/01/2042 Callable @ 100.000 10/01/2028 | 595,000 | 566,660 | ||
City of Minot ND 3.000% 10/01/2038 Callable @ 100.000 10/01/2029 | 500,000 | 534,655 | ||
North Dakota Public Finance Authority 5.000% 06/01/2031 | 240,000 | 240,010 | ||
North Dakota Public Finance Authority 4.000% 06/01/2030 Callable @ 100.000 06/01/2023 | 400,000 | 417,628 | ||
North Dakota Public Finance Authority 4.000% 06/01/2028 Callable @ 100.000 06/01/2024 | 265,000 | 285,066 | ||
North Dakota Public Finance Authority 5.000% 06/01/2028 Callable @ 100.000 06/01/2025 | 130,000 | 149,087 | ||
7,238,842 | ||||
PreRefunded (4.5%) | ||||
County of Burleigh ND 5.000% 07/01/2022 | 300,000 | 310,251 | ||
County of Burleigh ND 4.500% 07/01/2032 Callable @ 100.000 07/01/2022 | 250,000 | 257,235 | ||
County of Burleigh ND Multi County Sales Tax Revenue 4.000% 11/01/2032 Callable @ 100.000 11/01/2022 | 400,000 | 410,468 | ||
City of Fargo ND 6.000% 11/01/2028 Callable @ 100.000 11/01/2021 | 500,000 | 500,150 | ||
1,478,104 | ||||
Utilities (3.7%) | ||||
City of Grand Forks ND Sanitation Revenue 2.600% 09/01/2038 Callable @ 100.000 09/01/2027 | 290,000 | 296,235 | ||
City of Grand Forks ND Sanitation Revenue 2.625% 09/01/2040 Callable @ 100.000 09/01/2027 | 485,000 | 492,973 | ||
Mclean Sheridan Water District 2.000% 09/01/2038 Callable @ 100.000 09/01/2028 | 205,000 | 196,587 | ||
City of West Fargo ND Water & Sewer Revenue 2.625% 11/01/2034 Callable @ 100.000 11/01/2025 | 250,000 | 253,378 | ||
1,239,173 | ||||
TOTAL MUNICIPAL BONDS (COST: $31,772,783) | $ | 32,510,147 | ||
OTHER ASSETS LESS LIABILITIES (2.1%) | 710,966 | |||
NET ASSETS (100.0%) | $ | 33,221,113 | ||
*Indicates bonds are segregated by the custodian to cover when-issued or delayed delivery purchases. | ||||
NOTE: INVESTMENT IN SECURITIES (unaudited) | ||||||
October 29, 2021, the net unrealized appreciation (depreciation) based on the cost of investments for federal income tax purposes was as follows: | ||||||
Kansas Municipal Fund | Maine Municipal Fund | Nebraska Municipal Fund | Oklahoma Municipal Fund | Viking Tax-Free Fund for Montana | Viking Tax-Free Fund for North Dakota | |
Investments at cost | $75,535,821 | $12,667,099 | $56,110,310 | $72,741,425 | $90,493,650 | $31,772,783 |
Unrealized appreciation | $3,416,867 | $540,529 | $2,002,530 | $2,638,662 | $3,542,827 | $939,034 |
Unrealized depreciation | ($310,904) | ($36,667) | ($168,355) | ($363,640) | ($352,644) | ($201,670) |
Net unrealized appreciation (depreciation)* | $3,105,963 | $503,862 | $1,834,175 | $2,275,022 | $3,190,183 | $737,364 |
*Differences between financial reporting-basis and tax-basis unrealized appreciation/(depreciation) are due to differing treatment of market discount. | ||||||
NOTE: FAIR VALUE MEASUREMENTS (unaudited) | ||||
Various inputs are used in determining the value of the Funds' investments. These inputs are summarized in three broad levels: Level 1 inputs are based on quoted prices in active markets for identical securities. Level 2 inputs are based on significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) Level 3 inputs are based on significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments.) The following is a summary of the inputs used to value the Funds’ investments as of October 29, 2021: | ||||
Kansas Municipal Fund | ||||
| Level 1 | Level 2 | Level 3 | Total |
Municipal Bonds | $0 | $78,641,784 | $0 | $78,641,784 |
Total | $0 | $78,641,784 | $0 | $78,641,784 |
Maine Municipal Fund | ||||
| Level 1 | Level 2 | Level 3 | Total |
Municipal Bonds | $0 | $13,170,961 | $0 | $13,170,961 |
Total | $0 | $13,170,961 | $0 | $13,170,961 |
Nebraska Municipal Fund | ||||
| Level 1 | Level 2 | Level 3 | Total |
Municipal Bonds | $0 | $57,944,485 | $0 | $57,944,485 |
Total | $0 | $57,944,485 | $0 | $57,944,485 |
Oklahoma Municipal Fund | ||||
| Level 1 | Level 2 | Level 3 | Total |
Municipal Bonds | 0 | 75,016,447 | 0 | 75,016,447 |
Total | $0 | 75,016,447 | $0 | 75,016,447 |
Viking Tax-Free Fund for Montana | ||||
Level 1 | Level 2 | Level 3 | Total | |
Municipal Bonds | $0 | $93,683,833 | $0 | $93,683,833 |
Total | $0 | $93,683,833 | $0 | $93,683,833 |
Viking Tax-Free Fund for North Dakota | ||||
Level 1 | Level 2 | Level 3 | Total | |
Municipal Bonds | $0 | $32,510,147 | $0 | $32,510,147 |
Total | $0 | $32,510,147 | $0 | $32,510,147 |